If an excise tax is imposed on shoes,
a. government tax revenue will fall
b. the market price of shoes will decrease
c. the supply curve will shift downward
d. the equilibrium quantity demanded will decrease
e. the equilibrium quantity supplied will increase
D
Economics
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The regulation of natural monopolies:
A. eliminates deadweight loss. B. always causes the industry to operate at a loss. C. typically takes the form of setting a maximum price that can be charged. D. is common in the tobacco industry.
Economics
The gold standard was the major system of exchange rate determination
A. before 1914. B. prior to 1785. C. following World War II. D. until 1971.
Economics